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Industry: Email Alert RSS FeedThe Council of Insurance Agents and Brokers
Risk & Insurance, May, 2003
Businesses are not buying terrorism coverage because it is too expensive and they do not consider themselves targets of terrorism, according to a new insurance survey conducted by The Council of Insurance Agents and Brokers. Nearly 60 percent of brokers said less than 10 percent of their small commercial property/casualty accounts and fewer than 20 percent of medium-sized accounts have purchased terrorism insurance.
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Of the brokers handling large accounts, 48 percent said fewer than one in five large customers have bought terrorism coverage.
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